A very important project that we have in mind at the moment is an investment of about 1,500 Megawatts in floating photovoltaic panels, which we want to realize together with the Emirati company Masdar, on Friday announced, during a conference on the market of capital, the president of Hidroelectrica, Bogdan Badea."The Hidroelectrica company focuses on several targets. The first target is to maintain and increase the company's profitability and financial performance, which also comes with the plan to increase the installed capacity in terms of the production and diversification of energy sources, exclusively "green", because Hidroelectrica is a "green" company. We want to keep this label as a "green" company. Our investment plans, in addition to new hydro capacities that we can still achieve while also taking into account the environmental restrictions that we have at the moment, are moving towards diversification towards other regional energy sources, especially wind and photovoltaic. We already have the Crucea wind farm in operation, which was integrated into the portfolio. The operational results were beyond expectations, and the synergies that various sources of renewable energy benefit from have helped the company to diversify its production portfolio and increase profitability. Another very important project that we are considering at the moment is an investment of about 1,500 Megawatts in floating photovoltaic panels. It is an investment that we want to make together with the Emirati company Masdar. It is a new investment in Romania at such a size," said Badea.The representatives of Hidroelectrica and those of Masdar signed, on March 20, 2023, in the capital of the United Arab Emirates - Abu Dhabi, a joint venture agreement that engages the two companies in a joint investment approach aimed at the creation of off-shore wind farms and floating solar parks in Romania.
Polish company Scallier, who is expanding its network of Funshop Park retail parks in Romania, is set to open a new shopping center in the Arad region. The opening date for the roughly 10,000 sqm retail park is March 6. The decision to build a retail park in the Arad region in western Romania was […]
Morphosis Capital Fund II has made its first investment outside Romania by acquiring a minority stake in EnduroSat, a leading European provider of high-end satellites and space services. The investment is part of a broader funding round aimed at accelerating EnduroSat’s expansion in the fast-growing "New Space" industry. EnduroSat, founded by Raycho Raychev, specializes in […]
Approximately 11.2 million Ukrainian citizens have entered Romania during the three years of war, the Romanian Border Police reported on Monday, February 24. In total, from February 10, 2022, to February 23, 2025, a total of 11,191,703 Ukrainian citizens have entered Romania. Globally, around 7 million Ukrainian refugees reside in other countries at the moment. […]
February 24, 2025, marks three years since Russia's invasion of Ukraine. In this context, interim president Ilie Bolojan reaffirmed Romania's full commitment to Ukraine's freedom, sovereignty, and independence. In a post on X, the Romanian leader said, "As we count 3 years since Russia's full-scale invasion against Ukraine, Romania reaffirms its full commitment to UA's […]
The US bases in Romania "are maintained and will even increase in importance," the US special envoy for Ukraine and Russia, Keith Kellogg, reportedly told Romanian foreign minister Emil Hurezeanu, according to Hotnews.ro. Kellog made...
Bucharest mayor Nicusor Dan, who decided to run for president after the isolationist candidate Calin Georgescu won the first round of the scrapped presidential ballot last November, argued that the US administration's bias towards Georgescu is only an effect of the asymmetric information caused by insufficient explanations provided by the Romanian...
